M5 (Set 1)

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100 Questions & Answers Category:

 
6 Oct 2022
CMFAS M5 Exam Question:

Which of the following statements regarding Financial Advisers is NOT true?

a) A financial adviser who provides financial advisory service in respect of securities has to maintain a register of its interest in securities.

b) A financial adviser can withdraw monies related to a contract of insurance
from a bank account maintained by it.

c) A financial adviser can disclose to its clients any information on past performance in relation to a Collective Investment Scheme based on the simulated results of a hypothetical Collective Investment Scheme.

d) A financial adviser can make comparisons of the past performance of a Collective Investment Scheme with that of another Collective Investment Scheme to a client.

The CMFAS M5 examination comprises of 100 questions, time given is 2 hours and the passing mark is 75%.

 

M5 (Set 1)

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  • M5 (Set 2)

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    6 Oct 2022
    CMFAS M5 Exam Question:

    A financial adviser must disclose all of the following except:

    a) any lien imposed on a life policy.

    b) the bid and offer prices of a collective investment scheme with a single pricing scheme.

    c) the risk factors that may result in the benefits payable to be less than that illustrated in the benefit illustration.

    d) whether the units of a collective investment scheme will be priced on a historical or forward basis.

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